Fed’s Barkin: A lot of time still before deciding on size of September rate hike
Richmond Federal Reserve Bank President Thomas Barkin said on Friday that FOMC policymakers had “a lot of times still” before they decide on the size of the September rate increase, as reported by Reuters. Additional takeaways “Fed will need to move rates to restrictive territory but will take signal from the economy on how high that needs to be.” “At this point, underlying demand seems stronger than it did as of the…